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Will we ever see a publicly traded franchise in a major American sport?
Posted on 3/17/15 at 9:59 am
Posted on 3/17/15 at 9:59 am
Fan owned franchises are popular and widespread in European soccer clubs, and I find it interesting that it hasn't spread to the United States.
Link discussing fan owned clubs
I know it is unpopular among the leagues and the owners would likely shoot it down, but the idea is intriguing from both a fan and an investment perspective.
You'd have to think the potential financial windfall of going public would be of great interest to owners, particularly in the NFL and NBA with the recent obscene valuations we've seen.
ETA: I'm talking about a for-profit, publicly traded franchise. Apparently that wasn't clear in the OP.
Link discussing fan owned clubs
I know it is unpopular among the leagues and the owners would likely shoot it down, but the idea is intriguing from both a fan and an investment perspective.
You'd have to think the potential financial windfall of going public would be of great interest to owners, particularly in the NFL and NBA with the recent obscene valuations we've seen.
ETA: I'm talking about a for-profit, publicly traded franchise. Apparently that wasn't clear in the OP.
This post was edited on 3/17/15 at 10:12 am
8
Posted on 3/17/15 at 10:00 am to slackster
You mean like the Green Bay Packers?
Posted on 3/17/15 at 10:00 am to slackster
You mean like the Green Bay Packers?
Posted on 3/17/15 at 10:06 am to arcalades
(no message)
This post was edited on 3/17/21 at 2:52 pm
Posted on 3/17/15 at 10:07 am to slackster
Pro sports franchises are just a toy for the super wealthy here in the U.S. I don't see any owner here wanting to give up the control that comes with going public.
Posted on 3/17/15 at 10:08 am to boom roasted
I'm well aware of the Green Bay Packers ownership.
They are publicly owned, but they are not-for-profit. I want to buy and sell shares of the New Orleans Saints in my Roth IRA.
They are publicly owned, but they are not-for-profit. I want to buy and sell shares of the New Orleans Saints in my Roth IRA.
Posted on 3/17/15 at 10:09 am to graychef
quote:equals
anyone can buy stock,
quote:If you are asking is it a good investment, then the answer is no. Little risk, no reward.
publicly traded
Posted on 3/17/15 at 10:10 am to slackster
quote:
I want to buy and sell shares of the New Orleans Saints in my Roth IRA.
I don't know why you want to throw money down the drain on the back of a washed up Quarterback.
This post was edited on 3/17/15 at 10:12 am
Posted on 3/17/15 at 10:11 am to slackster
I would argue they are not a true corporation nor are they publicly traded. They are not required to have a CPA firm audit their financials for public trade purposes, nor is their stock readily available to the public (I think you have to live in Green Bay to purchase it).
Posted on 3/17/15 at 10:14 am to Jcorye1
I completely agree. The dolts that mentioned them completely missed the point.
Posted on 3/17/15 at 10:14 am to arcalades
(no message)
This post was edited on 3/17/21 at 2:52 pm
Posted on 3/17/15 at 10:16 am to slackster
quote:
I completely agree. The dolts that mentioned them completely missed the point.
To answer your question, in today's litigious culture I doubt you ever see a true issuer style team in the United States. At the end of the day, people are idiots and would massively overreact to given changes in a sport.
Posted on 3/17/15 at 10:56 am to Jcorye1
Yes the Celtics did, I knew a couple a people that owned their stock.
Posted on 3/17/15 at 11:10 am to TigerintheNO
The reason to go public is to access the capital debt market. None of these leagues have debt or issues with capital on hand. If a team/owner does get in trouble the franchise is just sold to many of the potential buyers waiting in the wings.
Posted on 3/17/15 at 11:43 am to WalkingTurtles
quote:
None of these leagues have debt or issues with capital on hand
That's not true, there have been a lot of NHL teams that had to file bankruptcy in the past 20 years. NBA had to take over the Hornets, and the Bobcats were in even worse shape when Jordan bought their debt. MLB had to take over the Dodgers & the Rangers filed to bankruptcy, both in the past ten years.
I have no idea why the Celtics went public, but one of the guys, I knew who owned the stock said it was great deal. They paid dividends which he said over the years equaled what he paid for the stock. When the current owners bought the team, they bought all the stocks back.
Posted on 3/17/15 at 11:56 am to TigerintheNO
Yeah, but those teams had problems with bad owners. George Shinn was in bad health and he wanted out from owning the Hornets. The McCourts used the Dodgers as a piggy bank and took out all sorts of loans against their interest in the team and billed personal shite like their haircuts to the club. I think some of that could have been avoided by the league taking a better look at potential owners before giving them the rights to buy a franchise. (Frank McCourt was pretty well known in Boston for talking a lot of shite about what he would develop on the site of some parking lots he owned in the city and not doing a damn thing)
Posted on 3/17/15 at 12:12 pm to timbo
This would be tough because all it would take would be one large activist investor, or institutional investor to amass a large portion of shares and agitate for certain changes, e.g. new head coach, less spending on players ,etc. for it to really have a negative affect for fans. With that said Manchester United, one of the most prominent sports franchises in the world, trades on the NYSE
Posted on 3/17/15 at 12:19 pm to slackster
The Celtics used to be publicly traded. They went private 10-15 years ago.
Posted on 3/17/15 at 12:23 pm to Jim Rockford
I believe the Miami Heat were also on the stock exchange at one time.
i bought the celitcs stock as a joke. i could say i owned a piece of celtics, even though i really didnt.
This post was edited on 3/17/15 at 12:25 pm
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